Why Dollar Tree Stock Is Down Nearly 20% Today
Dollar Tree(DLTR) Investopedia·2024-09-04 16:30
Key Takeaways Shares of Dollar Tree were recently down nearly 20%—to levels not seen since 2015—after the company pulled back its financial outlook and reported disappointing quarterly results. Dollar Tree and rival Dollar General say their shoppers are facing a tough economic environment. Dollar Tree says it's holding up competitively, though some analysts have wondered whether Walmart has been eating into other retailers' share of the consumer dollar. The pressure on discount retail stocks continues. Shar ...